Surge Energy Inc (Alberta) T.SGY

Sargex?

[soundandfury]

If you don't mind me asking what are you invested in now? Looking for a safe monthly return ?

[SargeX]

Hey S&F I never mind sharing and have done so on other SH boards. I've attached the list from a BPY post from Oct 20th below.  My wife & I are 100% TSX listed dividend income/growth stocks limited to 5 sectors - banks, utilities, midstream/pipelines, telcos, and REITs. We don't have any fixed income at all but do have a cash wedge that I also use for some short term trading.

[leo101]

hey sarge, i own 13 of the companies you listed and i've owned them for long time. i'm sitting on large capital gains on most so that's why i play some etf's for a trade. i can get in and out of basically the same stuff with a higher book value to avoid the dreaded large taxable event. i'm trying to wean myself off dividend paying companies but it's hard to break old habits

[SargeX]

Hey Leo Very cool on all the commonality. I guess the difference in our approaches is that I plan on holding all of them forever unless something really dramatic changes with any given company. I continue to do quite a bit of short term trading but I'm doing it in our RRSP/RRIF to avoid the immediate tax consequences as well as avoiding the CRA frequent trader rules. It means more taxes for

[Red_Deer]

Hey SARGEX__You DEFINITELY Can NOT AVOID those CRA Frequent Trader Rules in ANY Registered Account__whether RRSP, RRIF, TFSA, etc !!!!!!!! https://www.disnat.com/en/learning/trading-basics/dbulletin/day-trading-in-an-rrsp-rrif-or-tfsa

[Red_Deer]

OPPS !!!!!!! Here is the other LINK I wanted to Post !!!!!! https://www.investmentexecutive.com/inside-track_/jamie-golombek/day-trading-in-a-tfsa-or-rrsp/

[SargeX]

Hey Red Thanks for the comments. It is interesting that Golombek is one of the guys that gave me comfort that day/short term trading was fine in an RRSP/RRIF. If you read down further in his article, you;l see this: (note the key is qualified investments. The CRA states the following in Folio 10 Registered Plans for Individuals: “…if an RRSP or RRIF were to engage in the business of day trading

[Red_Deer]

Hey SARGE__twas quite late when I Posted last night__so did only a very quickie GOOGLE to get at least a few relevant LINKS. BUT note that they both are already OutDated__I know FOR SURE that Golombek and others put out a number of articles in 2019__confirming that CRA indeed is going to go after Frequent Trading in ANY Registered Accounts__with special attention to large sized TFSA accounts As

[MuttPatrollives]

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[LeannePaterson]

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